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EDMONTON JOURNAL MAY 8, 2013+ `: K" W/ K+ A1 L: W
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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EDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.! J5 p( t' F1 q% \
* B$ M1 g4 S" |' k* sBuilders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.& F! {' f: c" k% ~; c6 F4 B+ _& {& Q
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.
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" O8 W) x( _8 r, x& }) Z- n9 n“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.) Q& j! L' g' X8 A' z# a/ _( y
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.# o7 r: `7 H5 |
( m0 Y; [4 q3 ^/ UAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.2 Y2 l( f# |! K# x" s9 ^7 q
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Consumers remain confident despite a moderating pace of economic growth, he said.
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said.; V8 {: Z( H4 `
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